Gamble Jones Investment Counsel trimmed its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 5.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 75,987 shares of the company’s stock after selling 4,159 shares during the period. Dollar Tree makes up 0.8% of Gamble Jones Investment Counsel’s holdings, making the stock its 28th biggest holding. Gamble Jones Investment Counsel’s holdings in Dollar Tree were worth $8,154,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Rockshelter Capital Management LLC purchased a new stake in shares of Dollar Tree in the 2nd quarter valued at about $5,850,000. Shell Asset Management Co. lifted its holdings in shares of Dollar Tree by 368.4% in the 3rd quarter. Shell Asset Management Co. now owns 72,354 shares of the company’s stock valued at $4,057,000 after purchasing an additional 56,906 shares during the last quarter. Korea Investment CORP lifted its holdings in shares of Dollar Tree by 170.4% in the 3rd quarter. Korea Investment CORP now owns 56,489 shares of the company’s stock valued at $4,904,000 after purchasing an additional 35,600 shares during the last quarter. Wright Investors Service Inc. purchased a new stake in shares of Dollar Tree in the 3rd quarter valued at about $501,000. Finally, British Airways Pensions Investment Management Ltd purchased a new stake in shares of Dollar Tree in the 3rd quarter valued at about $34,022,000. 88.73% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently weighed in on DLTR. Zacks Investment Research downgraded Dollar Tree from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Moffett Nathanson began coverage on Dollar Tree in a research report on Monday, December 4th. They issued a “buy” rating on the stock. MKM Partners set a $96.00 price target on Dollar Tree and gave the company a “hold” rating in a research report on Monday, November 20th. Bank of America boosted their price target on Dollar Tree from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, November 21st. Finally, JPMorgan Chase & Co. restated a “buy” rating and issued a $118.00 price target on shares of Dollar Tree in a research report on Friday, November 3rd. Eleven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. Dollar Tree has a consensus rating of “Buy” and a consensus target price of $105.85.
Dollar Tree (NASDAQ:DLTR) last released its earnings results on Tuesday, November 21st. The company reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.11. The company had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.28 billion. Dollar Tree had a return on equity of 18.04% and a net margin of 4.63%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 EPS. sell-side analysts forecast that Dollar Tree, Inc. will post 4.88 earnings per share for the current fiscal year.
In other news, Chairman Bob Sasser sold 64,002 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $99.74, for a total transaction of $6,383,559.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David A. Jacobs sold 9,192 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $99.80, for a total value of $917,361.60. Following the sale, the insider now directly owns 13,199 shares in the company, valued at approximately $1,317,260.20. The disclosure for this sale can be found here. Insiders have sold a total of 143,132 shares of company stock worth $14,679,180 in the last three months. Corporate insiders own 2.90% of the company’s stock.
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About Dollar Tree
Dollar Tree, Inc is an operator of discount variety stores. As of January 28, 2017, the Company operated 14,334 stores in 48 states and the District of Columbia, and five Canadian provinces. Its segments include Dollar Tree and Family Dollar. The Dollar Tree segment is the operator of discount variety stores offering merchandise at a fixed price.
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